Great West Life Assurance Co. Can Has $38.37 Million Stake in MSCI Inc. (NYSE:MSCI)

Great West Life Assurance Co. Can trimmed its position in shares of MSCI Inc. (NYSE:MSCI) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,000 shares of the technology company’s stock after selling 6,730 shares during the quarter. Great West Life Assurance Co. Can’s holdings in MSCI were worth $38,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wedbush Securities Inc. raised its stake in shares of MSCI by 2.9% in the 2nd quarter. Wedbush Securities Inc. now owns 637 shares of the technology company’s stock valued at $340,000 after acquiring an additional 18 shares in the last quarter. Wrapmanager Inc. raised its stake in shares of MSCI by 1.9% in the 2nd quarter. Wrapmanager Inc. now owns 959 shares of the technology company’s stock valued at $511,000 after acquiring an additional 18 shares in the last quarter. Copeland Capital Management LLC raised its stake in shares of MSCI by 0.9% in the 2nd quarter. Copeland Capital Management LLC now owns 2,142 shares of the technology company’s stock valued at $1,142,000 after acquiring an additional 19 shares in the last quarter. Lloyd Advisory Services LLC. raised its stake in shares of MSCI by 45.5% in the 2nd quarter. Lloyd Advisory Services LLC. now owns 64 shares of the technology company’s stock valued at $34,000 after acquiring an additional 20 shares in the last quarter. Finally, NEXT Financial Group Inc raised its stake in shares of MSCI by 1.9% in the 2nd quarter. NEXT Financial Group Inc now owns 1,187 shares of the technology company’s stock valued at $632,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 90.61% of the company’s stock.

A number of research analysts recently weighed in on MSCI shares. Royal Bank of Canada raised their price objective on MSCI from $650.00 to $720.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer raised their price objective on MSCI from $566.00 to $626.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $621.00 price target on the stock in a research report on Thursday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on MSCI from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Finally, Morgan Stanley lifted their price target on MSCI from $523.00 to $570.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, MSCI has a consensus rating of “Buy” and an average price target of $621.43.

In other MSCI news, insider Jennifer H. Mak sold 300 shares of the business’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $622.38, for a total value of $186,714.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Cd Baer Pettit sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $622.95, for a total value of $1,557,375.00. Following the completion of the transaction, the chief operating officer now directly owns 251,837 shares in the company, valued at approximately $156,881,859.15. The disclosure for this sale can be found here. 2.93% of the stock is owned by insiders.

Shares of NYSE:MSCI opened at $661.37 on Friday. MSCI Inc. has a 1-year low of $336.03 and a 1-year high of $667.07. The firm has a market capitalization of $54.52 billion, a PE ratio of 78.92 and a beta of 0.97. The business’s 50 day moving average is $624.14 and its 200-day moving average is $526.77.

MSCI (NYSE:MSCI) last announced its quarterly earnings results on Tuesday, July 27th. The technology company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The business had revenue of $498.20 million for the quarter, compared to analyst estimates of $490.25 million. MSCI had a negative return on equity of 180.78% and a net margin of 37.97%. MSCI’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. As a group, equities research analysts anticipate that MSCI Inc. will post 9.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Investors of record on Friday, August 13th were paid a $1.04 dividend. This is a positive change from MSCI’s previous quarterly dividend of $0.78. The ex-dividend date was Thursday, August 12th. This represents a $4.16 annualized dividend and a yield of 0.63%. MSCI’s payout ratio is currently 53.13%.

MSCI Company Profile

MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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